2026-01-14 12:24:45

RIVER's contract open interest has already surpassed 68 million. Interestingly, although there are many voices of shorting in the market, the price trend of this coin remains steady. Some analysts predict the price could reach 26. The current question is—will it continue to rise?

From the open interest data, the amount of short positions involved is indeed significant. What does this usually imply? On one hand, market divergence is increasing; on the other hand, if there is a true reverse breakout, it could release considerable pressure. Many traders are discussing that in such a scenario of high short interest, breakouts tend to be quite fierce.

So, what is the basis for the 26 price target? From a technical perspective, the key support still appears to be intact. As long as it doesn't break below, there is theoretically room for a rebound. What do you all think—how much more can this round go up?

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
4
Repost
Share

Comment

0/400

SchroedingerMiner

· 5h ago

Having so many short positions is actually a good sign; once the short squeeze starts, it can't be stopped. 26 dollars? I think it's uncertain; we need to see if the 68 million level can hold. As long as the support isn't broken, I'll keep holding, I've played this game too many times; it all depends on who gives in first. High short positions can indeed lead to a strong breakout, but volume must support it; just having position data isn't enough. Hey, this coin is quite stable; no matter how much the shorts shout, they can't bring it down. Honestly, the more shorts there are, the more I want to buy the dip; this inverse positive signal has been reliable time and again. The key support level is very important; if it breaks, there might be no bottom left.

View OriginalReply0

MysteryBoxOpener

· 6h ago

Having so many shorts is actually a good thing. Once there's a reverse breakout, the intensity of this short squeeze could be extremely fierce. 26? I just want to see if it can hold the key support. If it breaks, then we'll see. The breakout under high short positions is indeed fierce. Let's see if RIVER has the strength for this move. The steady trend but with a pile of shorts is a bit suspicious. Wait for the reverse short squeeze. As long as the support isn't broken, there's theoretically still room, but the word "theoretically" is a joke in the crypto circle.

View OriginalReply0

MetaverseLandlord

· 6h ago

The fact that there are so many shorts is actually a good thing; those caught in the trap just have to accept it, 26 is definitely solid. RIVER feels like it's just waiting for the moment of breakdown; looking back, it will all be a joke. High short positions exploding is really fierce; I'm a bit scared. As long as the support level isn't broken, there's still hope; the problem is people's sentiment. At this level of 68 million, whether the market maker can push it up depends on the subsequent funds. There are too many shorts, so I actually see the market as bullish; this contrarian thinking never fails. The 26 level feels a bit overhyped, but surprises can't be ruled out. With such asymmetric position data, it's usually a signal; just not sure what it points to. A steady trend under so many shorts is indeed interesting; someone is supporting the market.

View OriginalReply0

just_vibin_onchain

· 6h ago

There are so many shorts that it actually feels a bit unsettling. I've seen this kind of situation quite a few times, just waiting for a violent reversal. 26 still sounds a bit uncertain; it depends on how well the support line holds. Isn't this just a battle between high-altitude long positions versus low-altitude high positions? The position data looks good, but it doesn't necessarily indicate the correct direction. Honestly, the accumulation of so many shorts makes me a bit more bullish, but maybe I'm overthinking it, haha. As long as the support isn't broken, there's still hope. It's that simple.

View OriginalReply0